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6 Tips to Avoid Paying Tax on Gifts
- 1. Respect the annual gift tax limit ...
- 2. Take advantage of the lifetime gift tax exclusion ...
- 3. Spread a gift out between years ...
- 4. Leverage marriage in giving gifts ...
- 5. Provide a gift directly for medical expenses ...
- 6. Provide a gift directly for education expenses ...
- 7. Consider gifting appreciated assets ...
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